General insurers’ underwriting losses from private and commercial vehicles dropped by 22.9 percent to Sh2.42 billion in the half-year ended June, underlining the gains from the stringent approval and increased pricing measures adopted by the industry.
The latest industry data from the Insurance Regulatory Authority (IRA) shows the underwriting losses improved from the Sh3.14 billion loss that had been posted in the half year ended June 2022, largely helped by reduced losses in insuring private vehicles.
